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please show work and round to whatever it ask, not just a whole number. thank you! its my homework question. the picture that i posted

please show work and round to whatever it ask, not just a whole number. thank you!
image text in transcribed
image text in transcribed
its my homework question. the picture that i posted is all the information that i have.
Suppose Olivia has $6,840 in credit card debt on the VB credit card which has annual interest rate of 18.8%. Olivia is considering transferring her debt to the LA credit card that offers 0% interest for 18 months. (a) If Olivia makes a payment of $380 per month on the VB credit card, what will her balance be at the end of 18 months? Assume that no additional charges are made to the card. (Suggestion: You are trying to find the future value of a debt that has a present value of $6,840 Use the formula for the future value of an ordinary annuity. Round your answer to the nearest cent.) $7827.05 (b) If Olivia makes a payment of $380 per month on the LA credit card, what will her balance be at the end of 18 months? Assume that no additional charges are made to the card. (Suggestion: None of the payment goes to interest on the debt. Round your answer to the nearest cent. $6840 * (c) How much lower is the balance due after 18 months on the LA credit card? Note: Some credit card companies may charge a transfer fee which will affect the benefit of a 0% introductory rate. Assume that there is not a transfer fee. (Round your answer to the nearest cent.) $987.05 X Suppose Olivia has $6,840 in credit card debt on the VB credit card which has annual interest rate of 18.8%. Olivia is considering transferring her debt to the LA credit card that offers 0% interest for 18 months (a) If Olivia makes a payment of $380 per month on the VB credit card, what will her balance be at the end of 18 months? Assume that no additional charges are made to the card. (Suggestion: You are trying to find the future value of a debt that has a present value of $6,840. Use the formula for the future value of an ordinary annuity. Round your answer to the nearest cent.) $7827.05 (b) If Olivia makes a payment of $380 per month on the LA credit card, what will her balance be at the end of 18 months? Assume that no additional charges are made to the card. (Suggestion: None of the payment goes to interest on the debt. Round your answer to the nearest cent.) $6840 (c) How much lower is the balance due after 18 months on the LA credit card? Note: Some credit card companies may charge a transfer fee which will affect the benefit of a 0% introductory rate. Assume that there is not a transfer fee. (Round your answer to the nearest cent.) $987.05 Need Help? Read Viewing Saved Work Revert to Last Response 10. (1.5/1.5 Points) DETAILS PREVIOUS ANSWERS AUFQR1COREQ 4.4.015

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